Coin Press - Economy

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Featured

$20 mn blue diamond goes on show in Abu Dhabi

A rare blue diamond valued at $20 million went on pre-auction display on Tuesday in Abu Dhabi, capital of the oil-rich United Arab Emirates.

Stocks, oil recover slightly awaiting Trump's next tariffs moves

Stock markets and oil prices recovered slightly Tuesday after a huge sell-off, but analysts warned of more turmoil as US President Donald Trump charges ahead in his escalating trade war.

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Truss on brink of power as UK Tories finish voting

After a gruelling nationwide tour, a dozen hustings and three televised debates, Liz Truss appears poised to take over as the UK's next prime minister heading into the close of voting by Conservative party members on Friday.

'No police, no law': anarchy in Palestinian suburb of Jerusalem

One evening in January 2021, Arafe Rajabi, exasperated by yet another night of roaring cars below his window in an east Jerusalem Palestinian suburb, went downstairs to complain.

Slowdown or not? US job market walking a tight rope

The number of "Help Wanted" signs may have decreased across the United States in August, but the job situation still remains tense, official figures are expected to show Friday.

Three dead of mystery pneumonia in Argentina, six others ill

A third person has died this week in Argentina from a type of pneumonia of unknown origin, with the fatalities thus far limited to a single clinic, health authorities said Thursday.

GM driverless car unit recalls vehicles after accident

General Motor's autonomous vehicle unit Cruise recalled 80 cars and updated their software after one failed to properly predict the trajectory of an oncoming vehicle.

US official rejects Amazon challenge to New York union vote

A US official Thursday rejected Amazon's efforts to overturn a worker vote in favor of unionization at a New York warehouse, dismissing the retailer's election complaints as groundless.

Starbucks names outgoing Reckitt leader as next CEO

Starbucks named Laxman Narasimhan, a veteran of PepsiCo and other consumer brands, as its next chief executive on Thursday.

Ukraine schools return to sound of war

Antonina Sidorenko has put on her favourite clothes, selected the prettiest ribbon to adorn her hair and can recite by heart the poem given by her schoolteacher.

Treatment improves cognition in Down Syndrome patients

A new hormone treatment improved the cognitive function of six men with Down Syndrome by 10-30 percent, scientists said Thursday, adding the "promising" results may raise hopes of improving patients' quality of life.

S.African court confirms Shell seismic exploration ban

A South African court on Thursday upheld a ban imposed on energy giant Shell from using seismic waves to explore for oil and gas off the Indian Ocean coast.

'Cosmoss': Supermodel Kate Moss launches wellness brand

British supermodel Kate Moss on Thursday launched a website selling her own beauty and lifestyle products called Cosmoss, becoming the latest star to venture into branded e-commerce.

Yen sinks to new 24-year low against dollar

The yen plunged to a new 24-year low against the dollar on Thursday as Japan sticks with its long-standing monetary easing policies in contrast to tightening by the US Federal Reserve.

Cate Blanchett: I'm not making female or lesbian propaganda

Cate Blanchett's powerful female, gender-fluid and gay roles have helped transform Hollywood, but she told Venice on Thursday that she never sets out to make a political statement.

UN team 'staying' at Ukraine nuclear plant

UN inspectors will be "staying" at a Russian-held nuclear plant in southern Ukraine, its head said Thursday after their first visit to the facility following a risky journey across the frontline despite early-morning shelling of the area.

Semiconductor giant Micron to invest $15 bn in Idaho

Semiconductor giant Micron announced Thursday it will invest $15 billion over the next decade to expand its operations in the US state of Idaho to build memory capacity for automotive and other sectors.

Beckham slammed for PR video praising 'perfect' Qatar

Human rights campaigners on Thursday slammed David Beckham for fronting a glossy publicity campaign praising World Cup host Qatar as "perfection", despite concerns over its rights record.

Brazil economy grows 1.2% in Q2, beating expectations

Brazil's economy posted higher-than-expected growth of 1.2 percent in the second quarter, official data showed Thursday, giving President Jair Bolsonaro a boost ahead of elections next month.

UN team pushes ahead with risky mission to Ukraine nuclear plant

UN inspectors pressed on towards a Russian-held nuclear plant in southern Ukraine Thursday despite an early shelling attack, as the ICRC warned the consequences of a strike on the facility could be "catastrophic".

UN team heads to Ukraine nuclear plant despite shelling

IMF agrees to $2.9 bn bailout for bankrupt Sri Lanka

Bankrupt Sri Lanka will receive a conditional $2.9 billion bailout to repair its battered finances, the International Monetary Fund said Thursday, following a bruising economic crisis that saw the island nation's president chased from the country.

Moscow approves Japan stakes in Sakhalin energy project

Two Japanese trading houses will maintain stakes in a Russian energy project despite Tokyo joining sanctions on Moscow over the war in Ukraine, as the Asian country looks to secure its power supply.

South Korean Netflix hit 'Extraordinary Attorney Woo' sparks autism debate

A hit Netflix K-drama about a high-functioning autistic lawyer is prompting soul-searching in South Korea, where some on the spectrum say they can feel invisible.

Volkswagen shifts gears with Oliver Blume taking wheel

Volkswagen on Thursday hands over the reins to new CEO Oliver Blume, tasked with steering the German automotive giant through challenging economic conditions after four turbulent years under his predecessor, Herbert Diess.

In Wyoming, an uphill battle to curb suicide

Sixteen years ago, after his son died by suicide, Lance Neiberger thought of taking his own life.

Bombshell UN Xinjiang report lists litany of rights abuses

The United Nations released a bombshell report into serious human rights abuses in China's Xinjiang region late Wednesday, saying torture allegations were credible and citing possible crimes against humanity.

Yellen 'optimistic' on deal to set price cap on Russian oil

US Treasury Secretary Janet Yellen said Wednesday she was "optimistic" about the possibility of an international agreement to set a price limit on Russia's oil exports.

Venice film fest launches with Ukraine and 'toxic event' satire

The Venice Film Festival kicked off on Wednesday with a powerful message from Ukraine's president and a topical opening film starring Adam Driver about a deadly health crisis and misinformation.

EU foreign policy chief hopeful on Iran nuclear deal in 'days'

The EU's foreign policy chief voiced hope Wednesday at reviving the Iran nuclear deal within days as Israel's leader, a strong opponent, made his case with US President Joe Biden.

Trump social network unwelcome in Google store over moderation issues

Former US president Donald Trump's Truth Social app is unwelcome in Google's app store until it abides by rules regarding content moderation including violent threats, the company said Wednesday.

Microsoft to create 36,000 data centre jobs in Qatar

Technology giant Microsoft announced Wednesday it will create 36,000 jobs in Qatar to boost the Gulf state's efforts to move away from reliance on its oil and gas industry.

Lithuanians slam 'one-sided' reax to Gorbachev death

For many in the West, Mikhail Gorbachev, the last leader of the Soviet Union who has died at the age of 91, is worth applauding for his role in ending the Cold War.

UK political upheaval and stagflation fears weigh on pound

Political uncertainty and growing economic woes, including spiralling inflation and the threat of a recession, are weighing heavily on the British pound, against both the US dollar and the also struggling euro.

Coin Press - Economy (English)